What Are The Business Functions Of HDFC Bank?

HDFC Bank offers a wide gamut of commercial and transactional banking services to businesses and organizations of all sizes. Our services include

working capital finance, trade services, transactional services and cash management

.

What is the business model of HDFC Bank?

HDFC Bank runs on a very subtle business model plan where it

generates universal banking-based synergies by cross-selling the bank’s products to its subsidiaries

across India, without actually incorporating any commodity. HDFC Bank has gained a huge customer base and enormous finance handling.

What is retail banking in HDFC Bank?

Retail Banking

The objective of the Retail Bank is to

provide its target market customers a full range of financial products and banking services

, giving the customer a one-stop window for all his/her banking requirements.

What makes HDFC different from other banks?

Sukthankar says that HDFC Bank leverages its branch network much better than even the public sector banks that have a presence in similar areas. “Our smaller branches do

auto loan, gold loan, tractor loans, agri loans and small business loans

, while those of many other banks do not offer such a comprehensive suite.”

What are the functions of HDFC Bank?

HDFC Bank provides a number of products and services including

wholesale banking, retail banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property, consumer durable loan, lifestyle loan and credit cards

. Along with this various digital products are Payzapp and SmartBUY.

What is full form HDFC?

HDFC Bank Ltd

Was incorporated on August 30 1994 by Housing Development Finance Corporation Ltd. … HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

Is HDFC a bank?

HDFC Bank is one of India’s

leading private banks

and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994. Today, HDFC Bank has a banking network of 5,653 branches and 16,291 ATM’s in 2,917 cities/towns.

What is the difference between HDFC corporate and retail?

Retail banking refers to the division of a bank that deals directly with retail customers while corporate banking is the part of the banking industry that deals with corporate customers. Retail banking is the visible face of banking to the general public, with bank branches located in abundance in most major cities.

How does HDFC Bank make money?

HDFC Bank’s success came largely due to its focus on

retail loans

, which constitute 54% of its loan book, as per latest data.

What are the 5 most important banking services?

• Checking accounts.
• Savings accounts.
• Debit & credit cards.
• Insurance*
• Wealth management.

What are the disadvantages of HDFC Bank?

Cons: HDFC

is having limited free transactions monthly after that they will charge fee for every transaction

. The customer:employee ration is low. For example you have to wait for your transaction is most of the branches.

Which HDFC account is best?

What is unique about HDFC Bank?

HDFC Bank persuaded the

CBDT to allow it to collect taxes by offering to deposit them with the tax authority

in as little as 4 days (earlier PSU banks would take 2 weeks). Today it is the second largest collector of direct tax after SBI. HDFC Bank has no debt exposure to Kingfisher Airlines.

Which bank is best Kotak or HDFC?

In terms of Net NPAs as well,

HDFC Bank is better placed

with lowest Net NPA of 0.17%. This is followed by Kotak Mahindra Bank, Axis Bank and ICICI Bank.

Is HDFC better than Kotak?

HDFC Bank scored higher in 4 areas

: Career Opportunities, Compensation & Benefits, % Recommend to a friend and Positive Business Outlook. Kotak Mahindra scored higher in 3 areas: Work-life balance, Senior Management and Culture & Values. Both tied in 2 areas: Overall Rating and CEO Approval.